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Cable Update (GBPUSD)

  • #145,501
  • Jul 12, 2009 9:23pm Jul 12, 2009 9:23pm
Quoting Ben920FX
LOL - you got me there, for a newbie like me it's 1.61 for someone like you, it should be the other one 1.51
no im looking for 1.6
  • #145,502
  • Jul 12, 2009 9:29pm Jul 12, 2009 9:29pm
hi everyone ....


already went short on the break of friday low.. i'm looking for 1.6092 as my first target....
  • #145,503
  • Jul 12, 2009 9:31pm Jul 12, 2009 9:31pm
Ah, only 3.5 hours of sleep, and she has moved 80 pips.
Note to self: Stop sleeping and glue face to quote screen...

Still short biased, but I will not make a move right now, anyway. In 'wait and see' mode until further notice, with an option to short any ridiculous attempts to rally.

With no earnings or other data of interest, today should be a 'non-event' day. The fun starts tomorrow: Earnings from GS, JNJ, INTC and a handful of indicators.

The big question is: Will earnings be horrible, or just less horrible than expected..?

Happy trading!
  • #145,504
  • Jul 12, 2009 9:33pm Jul 12, 2009 9:33pm
Quoting urutu
hi all,
i'm new here. from malaysia. noticed richlady, wormboy....from mlaysia too. anyone else. if not too much to ask. can i know you guys trading lot, SL And TP. last week my 30pip SL was hit trice. glad it was just 0.1 in size.
Welcome to FF. Loads of infos here for well known master trader. Digestion process can results severe headache.
Great Bodies are Engineered not Born
  • #145,505
  • Jul 12, 2009 9:41pm Jul 12, 2009 9:41pm
Quoting RichLadyFX
Welcome to FF. Loads of infos here for well known master trader. Digestion process can results severe headache.
totally agree. just trying my luck here. normally what time do you normally open position is that is not too much to ask richlady?
  • #145,506
  • Jul 12, 2009 9:41pm Jul 12, 2009 9:41pm
Quoting supremeChaos
malcolmb14,
awesomely correct.
u are now the sniper oracle.



lol, one is a conservative target, the other is an aggressive target.
lol no 1.51 is conservative .. 1.3 is aggressive
Blogging daily now at www.volume.zone
  • #145,507
  • Jul 12, 2009 9:42pm Jul 12, 2009 9:42pm
Quoting malcolmb14
lol no 1.51 is conservative .. 1.3 is aggressive
from where we can add short again??

Ub
  • #145,508
  • Jul 12, 2009 9:46pm Jul 12, 2009 9:46pm
Quoting GodfreyH
Inverse Head and Shoulder on the 4hr? Just a thought
  • #145,509
  • Jul 12, 2009 9:57pm Jul 12, 2009 9:57pm
Quote
lol no 1.51 is conservative .. 1.3 is aggressive

malcolmb14,
now u are talking. lol
  • #145,510
  • Jul 12, 2009 9:59pm Jul 12, 2009 9:59pm
Quoting urutu
totally agree. just trying my luck here. normally what time do you normally open position is that is not too much to ask richlady?
No specific time although after London open the more likely.
Great Bodies are Engineered not Born
  • #145,511
  • Jul 12, 2009 10:01pm Jul 12, 2009 10:01pm
Quoting ubaidahsan
from where we can add short again??

Ub
ubaidahsan,
it would be in your best interest to learn & make your own analysis than depend on others.
u can just view others posts as a confluence of your own analysis, or u could just take their posts & view them as another perspective.

Only self-reliant, (& patient, disciplined, etc) traders will make it in this business. That is a fact in any business, or in life in general.

U take charge of your own money , your own life, so better take charge of your own analysis of the markets as well.

Good luck!
  • #145,512
  • Jul 12, 2009 10:12pm Jul 12, 2009 10:12pm
Quoting ubaidahsan
from where we can add short again??

Ub
I am short 6433 and today scalping 6200 gu and 150.5 gj

maybe just maybe we get another test 6200 ...lest see what US makes of this when they wake up tomorrow and see ES breaking support
Blogging daily now at www.volume.zone
  • #145,513
  • Jul 12, 2009 10:15pm Jul 12, 2009 10:15pm
Quoting malcolmb14
I am short 6433 and today scalping 6200 gu and 150.5 gj
Thanks to Malcomb. Gu and GJ very much in the black now, waiting to TP.
Great Bodies are Engineered not Born
  • #145,514
  • Jul 12, 2009 10:29pm Jul 12, 2009 10:29pm
Quoting RichLadyFX
Thanks to Malcomb. Gu and GJ very much in the black now, waiting to TP.
p/s lawa siot pro pc dia
Patience is the keyword here...
  • #145,515
  • Jul 12, 2009 10:40pm Jul 12, 2009 10:40pm
Quoting Yngwie
Do or die! I'm ready for short with [email protected]
[email protected] TP??? suggestion??
Live trade ~ GBPUSD only. No chart! Follow at your own risk!
  • #145,516
  • Jul 12, 2009 10:58pm Jul 12, 2009 10:58pm
Quoting Yngwie
[email protected] TP??? suggestion??
honestly if we see no buyers in london this could drop to 1.5800 in next few hours , gj 145 .. possible

for sure 1.5990 test at least another 100 pip
Blogging daily now at www.volume.zone
  • #145,517
  • Jul 12, 2009 11:00pm Jul 12, 2009 11:00pm
Quoting malcolmb14
honestly if we see no buyers in london this could drop to 1.5800 in next few hours , gj 145 .. possible

for sure 1.5990 test at least another 100 pip
Thank a lot man. This VSA thing is pretty amazing. Waiting for London to open!
Great Bodies are Engineered not Born
  • #145,518
  • Jul 12, 2009 11:00pm Jul 12, 2009 11:00pm
Quoting Yngwie
[email protected] TP??? suggestion??
next TP here..
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  • #145,519
  • Jul 12, 2009 11:07pm Jul 12, 2009 11:07pm
Quoting RichLadyFX
Thank a lot man. This VSA thing is pretty amazing. Waiting for London to open!
not just vsa .. watching price action .. interlinked markets .. like futres and Nikkei etc etc .. just experience i guess.

buyers on 1.6090 zone that is level to break
Blogging daily now at www.volume.zone
  • #145,520
  • Jul 12, 2009 11:08pm Jul 12, 2009 11:08pm
I see everyone is looking short..... Interesting. Since we have a very strong support at 6100 - 6075 level. If this is broken we will see the 6050 level maybe a bit lower before a bounce up. But I will also look for a sell at 1.6300 - 1.6350 level and a but at the 1.6050 - 1.600 level. I believe we will go into a little consolidation before heading down to the 1.5700 - 1.5500 area and then back up again. Just my 2 cents.
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